TEXTRON INC - Director's Dealing 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEXTRON INC (TXT)
CIK: 0000217346
Period of Report: 2005-08-10

Reporting Person: HOWELL MARY L (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-10	Common Stock	M	2704	$36.9687	Acquired	21828	Direct
2005-08-10	Common Stock	F	1332	$75.01	Disposed	20496	Direct
2005-08-10	Common Stock	M	2178	$45.875	Acquired	22674	Direct
2005-08-10	Common Stock	F	1332	$75.01	Disposed	21342	Direct
2005-08-10	Common Stock	M	21822	$45.875	Acquired	43164	Direct
2005-08-10	Common Stock	M	23779	$40.95	Acquired	66943	Direct
2005-08-10	Common Stock	S	45601	$75.2882	Disposed	21342	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-10	Employee Stock Option (right to buy)	$36.9687	M	2704	Disposed	2005-12-13	Common Stock (2704)	Direct
2005-08-10	Employee Stock Option (right to buy)	$45.875	M	24000	Disposed	2006-12-11	Common Stock (24000)	Direct
2005-08-10	Employee Stock Option (right to buy)	$40.95	M	23779	Disposed	2012-01-14	Common Stock (23799)	Direct

Security	Shares	Ownership
Common Stock	3984.385	Indirect
Common Stock	272	Indirect

F1: The exercise price for 2,704 shares was paid by delivery of 1,332 shares of Textron Common Stock and $50.18 cash.

F2: The exercise price for 2,178 shares was paid by delivery of 1,332 shares of Textron Common Stock and $2.43 cash.

F3: The price reported is the weighted average price per share of transactions effected at prices ranging from $75.00 to $75.70 per share.

F4: Shares issued pursuant to the Textron 1999 Long-Term Incentive Plan.

F5: The option vested in two equal annual installments, beginning on December 12, 1997.